Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stake Increased by Shapiro Capital Management LLC

Shapiro Capital Management LLC raised its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 66.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,746,482 shares of the semiconductor company’s stock after purchasing an additional 1,099,899 shares during the quarter. Ultra Clean accounts for approximately 3.4% of Shapiro Capital Management LLC’s holdings, making the stock its 10th biggest holding. Shapiro Capital Management LLC owned approximately 6.10% of Ultra Clean worth $98,736,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ellevest Inc. increased its position in shares of Ultra Clean by 3.5% during the fourth quarter. Ellevest Inc. now owns 13,263 shares of the semiconductor company’s stock worth $477,000 after acquiring an additional 445 shares during the period. Bank of Montreal Can increased its position in shares of Ultra Clean by 6.4% during the fourth quarter. Bank of Montreal Can now owns 7,957 shares of the semiconductor company’s stock worth $286,000 after acquiring an additional 478 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 490 shares during the period. Counterpoint Mutual Funds LLC increased its holdings in Ultra Clean by 5.5% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 631 shares during the period. Finally, Quarry LP increased its holdings in Ultra Clean by 58.1% during the fourth quarter. Quarry LP now owns 1,913 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 703 shares during the period. 96.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UCTT shares. TD Cowen cut their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Needham & Company LLC cut their price objective on shares of Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. StockNews.com lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Finally, Oppenheimer cut their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.00.

Ultra Clean Trading Down 1.3%

NASDAQ:UCTT opened at $22.52 on Friday. Ultra Clean Holdings, Inc. has a 12 month low of $16.66 and a 12 month high of $56.47. The firm has a fifty day simple moving average of $21.29 and a 200-day simple moving average of $30.74. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.02 billion, a P/E ratio of 281.54, a PEG ratio of 0.51 and a beta of 2.09.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insider Transactions at Ultra Clean

In other Ultra Clean news, Director Ernest E. Maddock bought 10,000 shares of Ultra Clean stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $24.29 per share, with a total value of $242,900.00. Following the completion of the acquisition, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bill Bentinck bought 3,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $25.17 per share, with a total value of $75,510.00. Following the purchase, the insider now directly owns 60,695 shares of the company’s stock, valued at approximately $1,527,693.15. This represents a 5.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.